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Daily Archives: May 3, 2025

Letter: Misleading Inferences Regarding Student Debt Relief | Opinion

Debt HelpBy EditorMay 3, 2025

I take issue with inferences in “Outrage at Student Loans Should Be Aimed at Colleges” (4/28/2025) and “The Student Loan Bubble is About to Burst” (4/29/2025). These commentaries attempted to accuse students in debt of being irresponsible, fueled outrage that taxpayers might be… Read the original article here

North America’s oldest company files for bankruptcy, nearing permanent closure

LiquidationBy EditorMay 3, 2025

… Read the original article here

FBA Brand Builder: Liquidators appointed for controversial NI ‘brand building’ company

LiquidationBy EditorMay 3, 2025

Firm attracted attention over its business practices which included fake online reviews The FBA Brand Builder offices close to Ballymena. Inset: Darren Campbell Liquidators have been appointed for a controversial NI brand building company whose CEO announced its closure more than a month ago. The FBA Brand Builder, run by Darren Campbell (34), previously charged…

Director’s liability in insolvency – Due diligence defence & RVOs | Insights

LiquidationBy EditorMay 3, 2025

The sheer number of cannabis insolvencies in Canada over the last five years has resulted in a number of unique issues being considered, not least of which is directors’ liability to the Crown for unremitted excise taxes. Section 295 of the Excise Act, 2001 (Canada) (“Excise Act”) imposes liability on corporate directors for a corporation’s…

Sigma Finance Corporation – RNS Announcement – Business Wire

LiquidationBy EditorMay 3, 2025

Sigma Finance Corporation – RNS Announcement  Business Wire Read the original article here

Bhushan Steel and Power: SC rejects JSW Steel's resolution plan, orders liquidation – MSN

LiquidationBy EditorMay 3, 2025

Bhushan Steel and Power: SC rejects JSW Steel’s resolution plan, orders liquidation  MSN Read the original article here

Bankrupt landlord received £25,000 Covid loan despite…

BankruptcyBy EditorMay 3, 2025

Wright received a £25,000 Covid loan to help him manage a pub that closed six months before the pandemic. Photo from May 2019. The pub is now under new management. – (Google Images) A bankrupt landlord has been handed a suspended sentence after he “took advantage” of a taxpayer-backed Covid loan scheme by applying for…

Blokker to return with up to 40 shops, while Casa goes bust

BankruptcyBy EditorMay 3, 2025

May 2, 2025 Photo: DutchNews.nl Dutch household goods retailer Blokker, which was declared bankrupt last year, is planning to reopen 30 to 40 shops in the Netherlands, sources have told business broadcaster RTL Z. Blokker was declared bankrupt almost six months ago. Four months later, businessman Roland Palmer bought the brand name in a bankruptcy…

Want to pursue debt forgiveness this May? Ask yourself these 3 questions first

Debt HelpBy EditorMay 3, 2025

Don’t start the debt forgiveness process until you’ve asked yourself a few important questions. Getty Images If you’ve found yourself struggling to afford your debt payments recently, you’re far from alone. A significant percentage of borrowers are facing increasing financial strain in today’s unusual economic climate, and there are a few big reasons for that.…

Supreme Court rejects JSW’s `19,700 cr bid for Bhushan Steel

BankruptcyBy EditorMay 3, 2025

At the time, the company owed over Rs 47,000 crore to financial creditors and more than Rs 780 crore to operational creditors. Its financial woes were further exacerbated by a high-profile investigation by the Enforcement Directorate (ED) into alleged loan diversion of Rs 4,025 crore by its former promoters. In October 2019, the ED provisionally…

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